NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION
DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED
STATES
Menē Inc. (TSX-V:MENE) (OTC: MENEF) (“Menē” or the “Company”),
an online 24-karat jewelry brand, is pleased to announce that it
has completed its previously announced financing with Canaccord
Genuity Corp. (“Canaccord Genuity”), whereby Canaccord Genuity has
purchased, on a “bought deal” basis, an aggregate principal amount
of $10,000,200 of securities of the Company (the “Equity
Financing”).
Pursuant to the Equity Financing, the Company issued an
aggregate of 14,286,000 units of the Company (the “Units”) at the
price of C$0.70 per Unit. Each Unit consisted of one subordinate
voting share (“Common Share”) of the Company and one-half of one
Common Share purchase warrant of the Company (each whole Common
Share purchase warrant, a “Warrant”). Each Warrant is exercisable
into one Common Share at a price of C$1.00 until November 29,
2020.
Canaccord Genuity received a cash fee equal to 6% of the gross
proceeds from the Equity Financing. As additional compensation,
Canaccord Genuity was granted 857,160 compensation unit warrants
(“Compensation Unit Warrants”). Each Compensation Unit Warrant is
exercisable into one Unit at a price of C$0.70 per Compensation
Unit Warrant. to customary filings, and the Warrants have been
qualified along with the Warrants sold pursuant to the Equity
Financing.
The previously announced debt financing (the “Debt Financing”)
consisting of C$20,000,000 principal amount of unique secured gold
notes, secured by, among other things, the Company’s 24 karat gold
and platinum inventory at the Company’s vaulted fulfillment centre
in New Jersey and 15,000,000 Warrants has received approval of the
TSX Venture Exchange subject to customary filings, and the proceeds
of the Debt Financing are being held in escrow. Closing of the Debt
Financing is expected shortly and will be announced at that
time.
Menē intends to use the net proceeds of the Equity Financing and
the Debt Financing to expand inventory and for working capital
purposes.
Roy Sebag, Menē’s President and Chief Executive Officer, stated,
“We are pleased to complete this milestone financing and would like
to thank our investors for their vote of confidence. The size and
terms of the financing validate the excellent progress the Company
has made since our launch in January. We look forward to growing
our business in 2019 and beyond as we continue to disrupt the
global jewelry industry with our unique business model.”
The distribution of the Units was qualified by way of short form
prospectus dated December 18, 2018 which contains important
information relating to the Equity Financing. A copy of the final
prospectus is available on the SEDAR website at www.sedar.com.
About Menē Inc.
Menē crafts pure 24 karat gold and platinum jewelry that is
transparently sold by gram weight. Through mene.com, customers
may buy jewelry, monitor the value of their collection over time,
and sell or exchange their pieces by gram weight at prevailing
market prices. Menē was founded by Roy Sebag and Diana
Widmaier-Picasso with a mission to restore the relationship between
jewelry and savings. Menē empowers consumers by marrying
innovative technology, timeless design, and pure precious
metals to create pieces which endure as a store of value.
For more information about Menē, visit mene.com.
Warning
The securities offered have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
“1933 Act”) or any state securities laws and may not be offered or
sold within the United States or to, or for account or benefit of,
U.S. Persons (as defined in Regulation S under the 1933 Act) unless
registered under the 1933 Act and applicable state securities laws,
or an exemption from such registration requirements is available.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of any
of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful, including any of the
securities in the United States of America.
Forward-Looking Statements
This news release contains certain “forward-looking information”
within the meaning of applicable Canadian securities laws that are
based on expectations, estimates and projections as at the date of
this news release. The information in this release about the Equity
Financing and the Debt Financing, the expected closing of the Debt
Financing, the Company’s anticipated use of the net proceeds of the
Equity Financing and the Debt Financing, and the future plans and
objectives of the Company are forward-looking information.
Any statements that involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always
using phrases such as “expects”, or “does not expect”, “is
expected”, “anticipates” or “does not anticipate”, “plans”,
“budget”, “scheduled”, “forecasts”, “estimates”, “believes” or
“intends” or variations of such words and phrases or stating that
certain actions, events or results “may” or “could”, “would”,
“might” or “will” be taken to occur or be achieved) are not
statements of historical fact and may be forward-looking
information and are intended to identify forward-looking
information.
This forward-looking information is based on reasonable
assumptions and estimates of management of the Company at the time
it was made, and involves known and unknown risks, uncertainties
and other factors which may cause the actual results, performance
or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking information. Such factors include, among
others, the intention to complete the Debt Financing, the expected
expenditure of the proceeds of Equity Financing and Debt Finaning,
and the Company’s objectives, goals or future plans in respect of
the use of proceeds; global economic climate; dilution; the
Company’s limited operating history; future capital needs and
uncertainty of additional financing; the competitive nature of the
industry; currency exchange risks; the need for the Company to
manage its planned growth and expansion; the effects of product
development and need for continued technology and manufacturing
change; protection of proprietary rights; the effect of government
regulation and compliance on the Company and the industry; network
security risks; the ability of the Company to maintain properly
working systems; theft and risk of physical harm to personnel;
reliance on key personnel; global economic and financial market
deterioration impeding access to capital or increasing the cost of
capital; and volatile securities markets impacting security pricing
unrelated to operating performance. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
undertakes no obligation to revise or update any forward-looking
information other than as required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181221005298/en/
Media and Investor Relations Inquiries:Renee Wei+1 647
494 0296ir@mene.comJacquelyn HumphreyChief Operating OfficerMenē
Inc.jac@mene.com
Mene (TSXV:MENE)
過去 株価チャート
から 12 2024 まで 1 2025
Mene (TSXV:MENE)
過去 株価チャート
から 1 2024 まで 1 2025
